Best car insurance for pick-up trucks

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If you are in the market for a pickup truck or own one already, you are in good company. Sales are up as much as 82% compared to this same time in 2020. Pickups can be versatile, reliable and comparatively affordable, but getting the right auto insurance for a truck is essential.

Bankrate researched several popular makes and models of pickup trucks and found that USAA, Geico, State Farm, Erie and Amica are some of the best auto insurance companies across the board. However, keep in mind that car insurance rates are affected by a number of factors, like vehicle usage, vehicle type, geographic location, coverage limits and driving history.

Models included in this review:

  • Chevrolet Silverado 1500
  • Dodge Ram 1500
  • Ford F-150
  • GMC Sierra 1500
  • Nissan Titan
  • Toyota Tundra

How much does it cost to insure a pickup truck?

The national average cost of car insurance is $1,674 per year, based on a sample quote for a 2019 Toyota Camry. But many factors contribute to your premium, including the make and model of your truck. Additionally, insurance companies charge different rates for the same makes and models.

Here are some of the factors that auto insurers usually consider when calculating auto insurance rates for your pickup truck:

  • Price of parts: Vehicles that are expensive to repair generally have higher insurance premiums. For instance, if replacement parts for your truck need to be imported from overseas, it is likely that your insurance premium will be higher than a truck that has cheaper replacement parts.
  • Safety features: Recent model year trucks are often equipped with advanced safety features, like anti-lock brakes, lane departure warnings and traction control. Insuring a truck with multiple safety features is often cheaper because the risk of a serious accident is lower.

In the table below, we highlighted the average full coverage and minimum coverage insurance premiums for some of the most popular trucks on the market.

Pickup truck insurance rates by make and model Average annual minimum coverage premium Average annual full coverage premium
Chevrolet Silverado 1500 $585 $1,682
Dodge Ram 1500 $527 $1,697
Ford F-150 $499 $1,442
GMC Sierra 1500 $503 $1,555
Nissan Titan $521 $1,867
Toyota Tundra $508 $1,716

Best car insurance for pickup trucks

Truck owners have a number of options when it comes to auto insurance. However, every auto insurer has benefits and shortcomings. Based on coverage options, discounts and customer service ratings, pickup truck drivers might want to consider Erie, Amica and USAA (if eligible) as some of the best auto insurers for pickup truck drivers, according to Bankrate’s assessment.

  • Erie: Erie offers robust car insurance to drivers in select states. Auto policies can include pet coverage, locksmith reimbursement, auto glass repair coverage, accident forgiveness and much more. Erie also offers a rate lock guarantee and a variety of discounts to help you earn a lower rate.
  • Amica: Amica is consistently rated highly for claim satisfaction by J.D. Power and is known for its excellent customer service. The company sells a variety of policy add-ons, like accident forgiveness, full glass coverage and gap insurance for more protection. There are also a number of unique discounts, including several aimed at younger drivers.
  • USAA: USAA is a great option if you meet the carrier’s eligibility requirements. USAA offers reliable coverage and a long list of discounts for further savings. You might earn a discount for garaging your vehicle on base, being a good student, taking a defensive driving course and having no prior claims.

Cheapest car insurance companies for Chevrolet Silverado 1500

To find cheap truck insurance, it is important to know which insurance companies tend to offer the best rates. Get quotes from a handful of providers to compare premiums. As you will see in the table of cheapest car insurance for a Chevy Silverado, the same type of coverage can cost less with one carrier compared to another.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $358 $1,134
Geico $393 $1,317
State Farm $474 $1,440
Erie $430 $1,274
Amica $379 $1,230

Cheapest car insurance companies for Dodge Ram 1500

Bankrate’s findings of rates for the Dodge Ram 1500 rank Erie, Amica and USAA as the cheapest truck insurance. However, USAA is only available to qualifying military personnel, veterans and family members.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $382 $1,197
Geico $399 $1,382
State Farm $509 $1,574
Erie $367 $1,244
Amica $367 $1,328

Cheapest car insurance companies for Ford F-150

If you are looking for the cheapest auto insurance, the Ford F-150 may be the truck to choose. Minimum coverage is based on the amount of insurance your state requires. Although it is cheaper, minimum coverage does not provide any coverage to your vehicle if your pickup is damaged in an accident you caused. Full coverage auto insurance will add coverage for repairs or replacement of your truck since full coverage means adding comprehensive and collision coverage to your policy. Here is how rates compare:

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $333 $1,059
Geico $362 $1,349
State Farm $456 $1,300
Erie $430 $1,293
Amica $396 $1,120

Cheapest car insurance companies for GMC Sierra 1500

The same five companies rank as the cheapest coverage for a GMC Sierra. Erie is a low-cost option, but the carrier only operates in 12 states (primarily located on the East Coast). Geico and USAA are also worth considering.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $347 $1,154
Geico $383 $1,328
State Farm $445 $1,405
Erie $351 $1,218
Amica $396 $1,171

Cheapest car insurance companies for Nissan Titan

Bankrate found that Amica offers the cheapest coverage for Nissan Titan owners or lessees out of the carriers assessed. However, other carriers listed below presented lower-than-average rates. It is best to get quotes from several providers to find the lowest car insurance premium.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $369 $1,348
Geico $393 $1,739
State Farm $445 $1,492
Erie $430 $1,503
Amica $345 $1,439

Cheapest car insurance companies for Toyota Tundra

USAA seems to consistently offer some of the cheapest truck insurance but is only available to military families. Geico and Amica are also good options for minimum coverage. State Farm is also worth considering for full coverage car insurance.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
USAA $345 $1,182
Geico $367 $1,479
State Farm $438 $1,362
Erie $430 $1,388
Amica $367 $1,316

Other car insurance coverage for pickup trucks

You may have noticed that truck insurance is far less expensive for minimum coverage compared to full. That is because minimum coverage is typically only a low-limit liability insurance that pays for damages and losses to others. If your truck is totaled in a crash you cause and you only have minimum coverage, you would have to replace your truck out of pocket.

Full coverage adds collision and comprehensive insurance to your policy, which will protect you financially against damages or losses to your pickup due to bad weather, fires, theft or collision with an animal or another vehicle. Other coverages you might consider for your pickup truck are:

  • Replacement cost: If your truck is totaled, you will likely be reimbursed for a new truck of the same make and model.
  • OEM parts: The policy add-on will pay for using original factory parts for repairs.
  • Pet injury: If your dog travels with you regularly, pet injury coverage will pay for vet bills up to a certain limit for your pets injured in a crash.
  • Sound system equipment: Pays for repairs or loss if you have aftermarket accessories and equipment in your truck, such as an upgraded stereo system.

Frequently asked questions

When do I need full coverage car insurance?

Full car insurance will most likely be required if you lease or finance your vehicle. It consists of liability coverage to pay for damages to others and comprehensive and collision coverage to pay for damages to your vehicle. Full coverage is also a good option if you want to protect yourself more comprehensively.

Does my car insurance cover my work pickup truck?

If you use your pickup truck for work, your personal truck insurance may not cover you in case of a claim, especially if you were involved in an accident while working or traveling to and from work. It is best to consult with your carrier and employer to make sure you are properly insured.

When can I switch car insurance companies?

You are able to switch car insurance companies prior to your policy’s next renewal. Most companies do not charge a cancellation fee, and you can switch at any point during your policy period. Switching to a different auto insurer may help you get a lower rate or access to certain coverages your current insurer does not offer.

How can I get a lower car insurance premium?

Besides choosing a cheap car insurance provider, there are many ways to get a more affordable premium. Take advantage of discounts, pay your annual premium in full, avoid accidents and traffic violations and work on improving your credit score if credit is a rating factor in your state.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers commute five days a week, drive 12,000 miles annually and were evaluated using the following cars:

  • 2019 Chevrolet Silverado 1500
  • 2019 Dodge Ram 1500
  • 2019 Ford F-150
  • 2019 GMC Sierra 1500
  • 2019 Nissan Titan
  • 2019 Toyota Tundra

These are sample rates and should only be used for comparative purposes.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.
Edited by
Senior Insurance Editor